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is a lever to try to get the senate to put something on the floor, and speaker boehner has been very clear it's the senate's turn to act. senate dems aren't taking that bait. they feel like they'll put something on the floor. if they don't have republican consent for it, they will have to pull it or see it go down in flames, and then republicans can point to their failure and say, hey, look, they failed, too. so democrats are wary of kind of falling into this trap that republicans they feel are trying to set for them, and so there's this kind of staring contest up here where everybody is looking at everybody and it's like watching a slow motion car crash. >> using that metaphor of a staring contest, can you see anybody blinking? everybody thought -- i guess they thought first of all that boehner would blink and he'd take on his tea party and say i only want 50 or 75 votes. i don't need you crazy people. i just need a few normal people, and we'll get 150 democrats, and we'll pass something. he didn't blink and do that. is there any chance he will before monday? >> i think there's a chance if h
still scratching your head over why speaker boehner asked the caucus to vote for raising taxes and promising them that the senate wouldn't bother signing the bill anyway? left you wondering why anyone signs a dock tenant goes against their fiber, document to be used against them with the constituents? about the darn thing was d.o.a. in the senate i? way. the republicans are losing the debate on the fiscal cliff. this is obama's economy. let the president and the democrats own it and own the national debt. own the defense cut. instead, boehner and the gang allow the president to star in his own superhero film. he will cut the hawaiian vacation short and come back to save us mere mortal from the fiscal cliff. winning the optics war and winning it big. juan, how did you get the ball back from the republicans? they had it. this was obama's economy, his face calf cliff. now boehner fails on the vote and next thing you know, the ball is in your court. >> juan: i think you are right. i think boehner at the moment looking weaker. he is out of this altogether at the moment. his troops a
. ♪ ♪ >> eric: welcome back, everybody. are you like me still scratching your head over why speaker boehner asked the caucus to vote for raising taxes and promising them that the senate wouldn't bother signing the bill anyway? left you wondering why anyone signs a dock tenant goes against their fiber, document to be used against them with the constituents? about the darn thing was d.o.a. in the senate i? way. the republicans are losing the debate on the fiscal cliff. this is obama's economy. let the president and the democrats own it and own the national debt. own the defense cut. instead, boehner and the gang allow the president to star in his own superhero film. he will cut the hawaiian vacation short and come back to save us mere mortal from the fiscal cliff. winning the optics war and winning it big. juan, how did you get the ball back from the republicans? they had it. this was obama's economy, his face calf cliff. now boehner fails on the vote and next thing you know, the ball is in your court. >> juan: i think you are right. i think boehner at the moment looking weaker. he is out of
feel like i have been watching the same thing happen for two years since john boehner became the speaker. one deadline after another and has very little wiggle room. it makes his own members so unhappy. the vote for speaker for the next two years is tomorrow. does he even want this job anymore? >> it's a fair question after the hammering he has taken from folks in his own party and chris christie regarding the sandy relief bill. john boehner routinely said he never gets too high or low. he grew up the second of 12 children in a room where there was four kids to a room and he had to mop the floor of his father's bar at 5:00 in the morning every day. this is not an easy job. i think what you saw yesterday was what we on the hill know as a microcosm of leadership style and how it relates to the house of republican conference. it's fascinating that the world was able to see that boehner goes by this idea of letting the house work its will. he gave his members a chance to vent and venting almost nuked the deal that led to a plethora of angry e-mails in the finance community that s
-controlled house and speaker john boehner. about two hours before the senate voted, the house leadership said it would take a wait-and-see approach. "decisions about whether the house will seek to accept or promptly amend the measure will not be made until house members and the american people have been able to review the legislation." with me now, "the washington post's" david machimura and steve toma, chief political correspondent for "mclatchy" newspapers. good morning. >> good morning. >> happy new year. >> happy new year. david, let's talk about what we're going to see in the house. obviously, if it passes, a lot of people will probably be voting yes while they're holding their nose, but could there also be a revolt from conservative members that could threaten this bill? >> i think, chris, you can never predict completely smooth passage, especially in the house, but i think the senate wouldn't feel this confident about the bill had there not been some discussion between the two chambers. and i think if you look back to a year ago when there was a fight over the payroll tax, a similar so
and boehner are meeting to discuss the fiscal cliff. we are hearing the president's planning to present a smaller offer. for the latest, we bring in peter alexander from the white house and mike viqueira from capitol hill. peter, let's talk about what's going on at the white house meeting. i hear senators are optimistic about a mini deal which, of course, will raise taxes on those above $400,000. expand the amt, cut some spending. what are you hearing? >> reporter: well, hearing a lot of different things right now. one of the items and ruled by rumor and then denials and frustrations, toure. we know that we saw senators mcconnell and reid arriving a short time ago. we didn't pelosi and boehner arrive yet but the vice president joe biden got here a short time ago, as well. there's other reporting from the hill right now about the potential that the president is going to return to what was basically his original outlined plan. perhaps a smaller plan but a plan where the threshold would be set closer to $250,000 as he initially had before the $400,000 offer that john boehner the white hous
sense. so the bill passed, 257 for, 85 republicans, 172 democrats. speaker john boehner was one of those yes votes and he released this statement: now the focus turns to spending. the american people reelected a republican majority in the house and we will use it in 2013 to hold the president accountable for the balanced approach he promised, meaning significant spend being cut and reforms to the entitlement programs that are driving our country deeper and deeper into debt. on wall street, the dow up well over 200 points. could be a record rally for the first day of the year. let me bring in our guests. good morning and happy new year. >> happy new year, chris. >> let's take a look at what they actually agreed to. taxes are going to go up on households over $450,000. they delay the sequester. of course those are the harsh cuts for a couple of months. it extends unemployment benefits, it includes the medicare doc fix. any winners, though, really do you think, lynn? >> i think winner is all of us who live with a paycheck because we -- most people who don't make $400,000 will not have thei
.2 trillion in tax increases on the table. speaker boehner walked away from the deal and went to plan b which did not have spending cuts, only the tax increase for millionaires which could not pass. and so they are blaming speaker boehner for walking away from the table. but the bottom line is this president is going to face a lot of pressure in the the days ahead during that debt ceiling debate and escape elsewhere toy come up with entitlement reform that makes spending cuts in addition to the taxes starting to go up. >> bret: ed, we heard the president talk numerous times about how he does not want a battle with republicans over increasing the debt ceiling and how we heard he s not going to play that game. he used that friday. we are not going to do it that way. how is he not going to do it that way? how will they prevent that from happening? >> it is an interesting behind the scenes strategy starting to take place. i was talking to one of the president's top advisors a week or so ago and he basically said theyville a completely different approach in the debt ceiling debate than we have see
them own the tax hikes, let them own the defense cuts. instead boehner and the gaining are letth president to star his own superhero film. he's going to come back in and save us from the fiscal cliff while others are puffing marlboros. winning the optics war and winning it big. juan, how do you get the ball back from the democrats? they had it. next thing you know, the ball is in your court. >> i'm going to have to upset you, my friend. i think you are right. i think boehner is at the moment looking weaker. he's out of the talks all together at the moment. no role to play. his own troops have abandoned him. i'm told he's okay of keeping the speaker ship on january 3rd when they vote but you start to hear rumors about eric cantor who you see next to him possibly launching some kind of -- but it seems to me he's in a position the republicans in the senate and the white house are really the ones who will negotiate this deal and potentially you have ten or twelve republicans in the senate that will pass something and throw it back to boehner and then it will be a question, will he
boehner kept his word on an up or down vote. we he just had new video of the speaker walking into the chamber, walking towards the chamber and there you see him getting ready to cast his vote on the rule. let's listen. do we have audio? it was the silent movie version of john boehner walking to the house chamber. but there was a lot of back and forth today among republicans and definitely within the media when the house majority leader eric cantor came up and said i do not support this bill. mike emanuel back at his post on capitol hill. there was speculation, was this a move by cantor to create some friction? there will be a vote on speakership thursday when the new congress goes in, the 113th congress, noon on thursday. i guess his people are saying that that is not the case at all. >>> well, that's right. they definitely were trying to walk us away from thinking that there s some soap opera going on here in the republican leadership in the house. but it has been a bruising fight in recent weeks for speaker john boehner. remember, he was negotiating with president obama and
and boehner? the barrels they're riding in or >>> heading over niagra falls in a barrel. let's play "hardball." >>> good evening. i'm chris matthews in washington. let's start with this. president obama and his republican opponents are about to go over niagra falls in a barrel, but nobody knows for shush how bad it's going to be. will the economy smash on the rocks below? will the stock market plunge a thousand points and keep on dropping? will the world money watchers see the u.s. drowning in its own dysfunction? or will obama and the dead-end opposition it faces be saved by the public's horribly low expectations of what they can do? what will prove stronger for obama and boehner? the barrels they're riding in or the power of niagra falls itself? joining me now is politico's jonathan ryan. how about an answer on that one? what's going to protect these guys more? the low expectations people have about them getting anything done or failing to do what they set out to do. they all set the deadline. they have the -- what do you call it. the stakes are clear, the payroll taxes, income taxes, you n
and close to john boehner, i don't think he has the stoitsy to follow him to avert this cliff. look, the last minute, as tom cole said, the deals come together at the last minute. the last minute was really before christmas. as a practical matter, that is how these deals come together each of the last three years of the obama administration, on the budget, on deficit, on tax cuts years ago. they came together before christmas. it's hard to see how this works out at this point, to tell you the truth. there is a conference call at 2:30 among house republicans trying to decide what to do. we expect the leadership to let the rank and file know what their plans are. the speaker is not in washington. we understand he is in ohio of his home state. the president has landed here back at the white house in washington. it's unclear exactly where they go from here. essentially what john boehner is saying, you go first, harry reid. harry reid is trying to jam mitch mcconnell into allowing this vote to go forward without the 60-vote threshold, something that's necessary for virtually every vote h
's horribly low expectations of what they can do? what will prove stronger for obama and boehner? the barrels they're riding in or the power of niagra falls itself? joining me now is politico's jonathan ryan. how about an answer on that one? what's going to protect these guys more? the low expectations people have about them getting anything done or failing to do what they set out to do. they all set the deadline. they have the -- what do you call it. the stakes are clear, the payroll taxes, income taxes, you name it. they put it all together. and if they blow it, who's going to get hurt the most? >> well, i think the republicans right now are hammering themselves in the foot over and over and over again. at some point they may figure out how to stop doing that. but in the short-term doesn't look like that's happening. i think the low expectations right now are only helpful to them if they can get a deal done. it's not clear that can happen. they may even fall short of these low expectations they've had for two years now essentially both sides the white house and the congress advocating their
: well, you know what, peter? there's not lost love between boehner and president obama. are they going to meet? >> reporter: they might, gregg. the speaker is expected to return to washington soon but we still don't know of a specific time set aside on his calendar to meet with the president. actually the last we heard from the speaker he said that since voters in november picked republicans to control the house, he is going to stay true to his party's principles in december in the course of making any kind of a compromise. >> the american people reelected president obama on election day. they also reelected a republican majority here in the house. in doing so they gave us all a mandate. it was not a mandate to raise taxes on families and small businesses. it was a mandate to work together to begin solving the massive debt that threatens our country's future. >> reporter: the house and the senate will both be back in session tomorrow and the president has said he expects them to quickly vote to pass legislation to avoid the fiscal cliff, if, he and the speaker are able to make a deal b
the failure of speaker john boehner's plan b last week, house members are saying the ball is now in the senate's court. >>> former president george h.w. bush is in the intensive care unit at a houston hospital this morning. according to a statement from the bush family the president has been in intensive care since sunday, after suffering a series of setbacks, including a persistent fever. they also say he's relentlessly positive and spends time talking and joking with his doctors. in the next hour we'll take to you houston for a live update on the president's condition. >>> it's called one of the largest lawsuits of its kind, toyota agrees to a $1.1 billion settlement. we'll tell you who benefits and if one of the people who benefits is you. [ male announcer ] it's that time of year again. time for citi price rewind. are only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi pri
." from washington, i'm krystal ball. reid calls boehner a dictator. ah, the holiday spirit. it is alive and well here. >>> i'm steve kornacki in new york. doesn't matter where you are. we are going to slide down the slope if a deal isn't reached. some faster than others. today, what you don't hear in all of this. straight talk when it comes to your wallet. >>> i'm toure. a big day today. anti-fragile. chaos can be good. oh, we'll make them mad today. >> maybe a little too much chaos for us who's still feeling under the weather, s.e. but we have a whole hour of "the cycle" starting right now. >>> it's basketball thursday here on "the cycle" and we have a classic for you as we relate dr. nasmith to the fiscal whatever here in washington. we take you to washington for last night's cavaliers-wizards game, a classic between the boehner-led cavs at 6-23 against the harry reid wizards at 3-22. pay attention, kornacki. cleveland won. the final was 87-84. this even though cleveland's best player irving missed 9 out of 10 shots in the second half and missed 4 out of 6 free-throws with no one guar
leader harry reid called speaker boehner, that speaker boehner was running dictate toreship in the house. speaker boehner to his face to harry reid, go f yourself and used three other letters. harry reid said back to boehner. what are you talking about. boehner repeated verbatim, go f yourself. this is indication of the poison atmosphere up here. when the sequestration runs out next few months and congress must vote to increase the debt ceiling. it appears speaker boehner is fwirding for a fight on both fronts in a statement that he issued last night. he said in part, quote, now the focus turns to spending. the american people reelected a republican majority in the house and we will use it in 2013 to hold the president accountable for the quote, balanced approach he promised. meaning significant spending cuts and reforms to entitlement programs that are driving our country deeper and deeper into debt. the president last night indicate he is open to come promy to spending cuts but drew a line when it comes to the debt ceiling. here's the president. >> now, one last point i want to make. w
republicans have not been able or willing to do. the vote john boehner schedule and had to cancel is evidence of that in the present cost mind -- in the president's mind. we have part of what speaker boehner said. "the comments today are ironic as a recurrent theme was his unwillingness to stand up to anything in his own party. from the republican side of the aisle and speaker boehner, where are things at the moment? guest: the speaker had been hoping there would be a larger deal. the president was ready to move forward on in the time they had in front of them. this was in vision at one point to be the grand bargain which would incorporate in atomic reform and all sorts of budget cuts. changes to the tax rates. unemployment benefit changes. going all the way through to the debt ceiling being raised as part of it as well. that was not something that was ever really where things were headed by the time the negotiations got started. for speaker boehner, he wants to see the spending cuts that would go along with them. he does not feel the president has put forward enough of a plan to where the sp
that their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his might not go along. boehner sent republicans home to celebrate the new year without the fiscal cliff. >> everybody involved should be embarrassed. >> reporter: the economy could still take a hit. while the house takes up maybe later today, whether to follow the senate's lead and hike taxes on the wealth. from capitol hill, i'm steve handelsman, nbc news. bill, back to you. >> well, thanks, steve. >>> we have new details today on secretary of sate hillary clinton and the blood clot that has her hospitalized. the clot is located in a vein in a space between the brain and the skull, near her right ear. it did not cause a stroke or neurological damage. doctors say she's making excellent progress. the blood clot is related to a concussion clinton suffered earlier this month. it was discovered during a follow-up exam on sunday. >>> from amazing fireworks displays to ancient traditions in polar plunges folks around the world marked 2013 in their own unique way. nbc's kirk gregory take ace look. >> report
. this is going to be in their hands at this point. john boehner is like we've got to look at things. it's not going to happen overnight. >> it seems like a couple of weeks ago but it was about a week ago when the house of representatives voted on boehner's plan b which would have set the threshold at $1 million. now they're going to vote on it at $450,000. you've got to figure a lot of republicans aren't going to go along. >> what exactly happened? we're going to go over this in detail with chad who saw the play-by-play and was e-mailing us the play-by-play. mitch mcconnell called up -- bypassed senator reid who never got back to him on saturday and said can i speak to the vice president, joe biden? we're used to cutting deals together. like it or not, these are the two that hammered it out. they put it together. when it was all said and done, this is what joe biden had to say about how this deal actually came to fruition. >> what was said there was kind of hard to hear. what was your selling point? biden said: me. it's interesting, the senators, the democrats all got together late yes
and lost his career in a trumped up, fake scandal that rick santorum and john boehner created in the '90s. he lost his career, reputation, put on trial, exonerated but spent the last 20 years of his life totally unappreciated and died this year. he deserved a little bit of regular cognition, joe early. >> phyllis diller. amazing trailblazing comedian. >> she was. >> alex, sorry to see you go? >> i have two. george mcgovern and rob gi shank gl guard. very different men. >> i'm very sorry to see go whitney houston. >> yeah. >>> we're going to be back with more of our "last word holiday show." ♪ smoothes, lifts, defies? red jars are all the same right? wrong! you need three uses of a $15 cream to equal the moisturizing power of one use of regenerist microsculpting cream. seems not all red jars are created equal. olay regenerist. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morni
when fo mcconnell when for a longtime we were hearing it rested in boehner's hands. >> first it was boehner and obama, they failed to get a grand bargain. john boehner was unable to pass his plan b debt reduction bill and they decided to go in another way. boehner said let's see what the senate can do. we saw senator reid and mitch mcconnell try to get a deal, that failed. now mcconnell and biden who have a very good relationship. they worked on extending the tax breaks in 2010 they are trying it. the clock is ticking. the public is going to have to read this bill and members will demand that they read this bill before they vote on it and that's why we will go over the fiscal cliff. >> great to have you here today. i know the clock is ticking. i know you're watching it closely. thank you so much for joining us. >> thank you. gregg. jon: a new report on the terror attack on our consulate in libya. who they are blaming for the deaths of four americans including our ambassador. a french court says goodbye to that country's controversial 75% tax rate on the wealthy. don't you wis
a picture of speaker john boehner there on the front page. how did he factor into this and what was his message to members? guest: he had it tough because he's the one who will eventually need to say he got something done. no one wants to be on a book for the tax increase. they called it eclipsed for reasons. the tax increase on middle class americans was the biggest part of the cliffs. it was the biggest threat to gdp growth of if you let the taxes go up. so that is a tough position he's in. he is facing comment and criticism from conservatives saying don't pass this, because this is just more debt. so it's a tough balancing act. in the end, he has said for his role speakership and he wants the house to work its will. convenientt's a good way to put it at times. and taken back up and say let us see what the house does aunt clara at the house do what it wants. and you're inevitably split with republicans and you let it go through that way. early in the process he voted and walk away and they were gone. during debate last night, many democrats showed up to debate the measure if and said
. the market doesn't seem to care. >> all the big deal, boehner and obama tried to do last year, still have to do that, simpson boles-type thing. >> by what the secretary of the treasury said yesterday. >> right. >> thank you for being here. >> bromance. a lot of fun. make sure you join us tomorrow. "squawk on the street" begins right now. >>> good thursday morning, welcome to "squawk on the street" live from the new york stock exchange, i'm carl kin ten nia with melissa lee, cramer and neighborer are off today but we are joined by dennis. good morning to you dennis, thanks for coming in. futures today, a lot to deal with as you probably know. the fiscal cliff headline watch continues. you just heard john kanas say the market not too concerned. futures up 21 points. decent data out of europe, we will talk about in a minute what a day for the asian markets again. also coming up. our road map begins at andrews air force base where the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt? does the ma
to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> you talk about a dysfunction in washington. you sign this legislation setting up a fiscal cliff 17 months ago. how accountable are you for the fact that washington can't get anything done and that we are at this deadline again? >> well, i have to tell you, david, if you look at my track record over the last two years, i cut spending by over $1 trillion in 2011. i campaigned on the promise of being willing to reduce the deficit in a serious way, in a balanced approach of spending cuts and tax increases on the wealthy while keeping middle class taxes low. i put forward a very specific proposal to do that. i negotiated with speaker boehner in good faith and moved more than halfway in order to achieve a grand bargain. i offered over $1 trillion in additional spending cuts so that we would have $2 of spending cuts for every $1 increased re
boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both houses. adam: the numbers were something like the president at one point was willing to raise his baht -- bottom line to 400,000. if that's the deal, can you guys, can the men and women in our political leadership pass something before midnight, december 31? >> well, i think so. i mean, and you're going exactly the right direction. if you take what's been put on the table, you got the senate bill, you got the house bill, and you got what president obama and speaker boehner talked about, somewhere in the middle, i think, is a deal we could pass before year end, and as you say, it would be in the $400,000 to $500,000 range, but there has to be a commitment any revenue generated goes to savings, and not more spending. that's the other part of the equation that the president has to step up on to get a deal. adam: senator, we'll have
deal. starbucks shares at this point down slightly, 48 cents. imagine john boehner going into starbucks and they write on the cup, come together. hello. lori: boehner, this is directly to you. tracy: exactly. howard schultz is on the campaign to fix the debt. he is one of the ceos that has come out. lori: he has nothing to lose being advocate, being outspoken. the stock is healthy the company is thriving. talk about where crowds are right now, any starbucks on any corner. tracy: i hope they do it with a big black sharpie. come together. write it on the cup. lori get the latte. lori: if washington gets back together and we get a debt deal and economy picks up? that is big if. there are industries that stand to add the most jobs. tracy: we'll tell you where you should be looking if you're ready for a change of pace. that is all next. stay with us. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box
do. >>> he shouldn't have let them go. they're not here. john boehner cares more about keeping the speakership than keeping the nation on firm financial footing. >> i'm frustrated because we have been asking the president and the democrats to work with us on a bipartisan agreement for months. literally for months. >> doug: late breaking news from mitch mcconnell's office. we hear all parties have been invited to a meeting at the white house tomorrow. however, we are hearing also from the senior democratic aides there is no such meeting and from boehner's people that they haven't been invited. welcome to washington. fiscal cliff negotiations as if to signify how america wants the parties to come together. starbucks barristas today are hand signing each of the coffee cup with the words "come together." anything will do at this point. bring in the panel. steve hayes for "weekly standard." a.b. stoddard, associate editor of the hill. sindcated columnist charles krauthammer. a.b., the res tent numbers-cruncher. what do you make of the back and forth today? >> today was about the dra
would have likedded is what the president and speaker boehner were working on, the grand bargain, literally putting everything on the table and have a $4 trillion dent in the deficit. that eluded us. that's the disappointment. we've got that fiscal cliff situation again with the sequestering in march. what we did accomplish was we looked at this in a very pragmatic way and took a step, and it's a modest step, but in the right direction, and market reaction is cheering the fact that we moved in a right direction. >> i want to key in with the point about the grand bargain. congressman, it's worth reminding the viewers that the largest parts of the federal budget are exempt from cuts, entitlements and interest payments on national debt. how optimistic are you on reform and make cuts that decrease the rate -- not asking for actual deficit reduction, but increase the rate of the growth -- decrease the rate of that growth. >> you hit the heart of the problem. health care, medicare, private paid, employer provided health care, the cost of health care's going up oftentimes two and three
day. >>brian: why wouldn't they be. when you went to bed, john boehner served up two possibilities. one you could vote on the senate bill which passed overwhelmingly. two, the house might amend the senate bill and add a bunch of spending. he didn't have enough votes for that entree and in the end a whole bunch of republicans voted for the senate bill, although a whole bunch of republicans voted against the senate bill. it has passed. >>juliet: pretty amazing all the drama over the last 48 hours as opposed to nothing happening over the 48 years. let's take a breakdown. here's a look at how we break down the numbers. $622 billion is what we're seeing in new tax hikes, just $15 billion in spending cuts. we'll get more on that later. $1 spending cut for every $41 in tax hikes. that is pretty much what it amounts to. >>brian: the dollar in spending cuts for every $41 in tax hikes that is for the first year. in ten years it is going to be $1 worth of spending cuts for every $10 of tax hikes. for a lot of republicans, they go that is a lousy deal. >>brian: we're basically reviewing the sa
't know how it can happen now, why. >> the senate majority leader last out at john boehner, accusing him of running a dictatorship. >> he seemed to care more about keeping his speakership than keeping the nation on sound financial footing. >> republican leaders blamed the democrats and say there are limits to a compromise. >> republicans should not have to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. that would not be fair to the american people. >> president obama flew home early from his vacation yesterday. speaker braoehner call the house back into town. but they understand their actions may not be enough to appease the american people. >> the american people have a right to be very upset with this congress. >> the treasury department would have trouble paying its bills. many economists worry the financial troubles would plunge the u.s. back into recession. just one possible effect of the fiscal cliff milk prices goodbye to about $2 or $3 a gallon because farm programs will expire at the end of the year. >> tri
the their position right now, at least speaker boehner's is, hey, it is time for the senate to act on some of our bills. we'll keep an eye what is happening there. heather: busy day for them. president obama taking his case to the american public. here is what he had to say about the situation playing out on capitol hill. >> what's been holding us back is the dysfunction here in washington and if, you know, people start to see that on january 1st this problem still hasn't been solved, that we haven't seen the deficit reduction we could have had, the republicans been willing to take the deal i gave them, if they say, that people's taxes have gone up, which means consumer spending is going to be depressed, obviously that will adverse reaction in the markets. heather: there is lot at stake for all americans. three big issues on the financial front this morning as a matter of fact,. stu varney, host of "varney & company" on the fox business network joins us now. stu, no deal on capitol hill, not really doing their job but we're hearing they get a pay raise. >> that incredible to some people, but none
to be rushed through both chambers of congress. house speaker boehner and his rank and file are sitting on the sidelines waiting to see if it will be a deal or no deal from the senate. >> this whole thing is a national embarrassment. i think it's an embarrassment to the president. it's an embarrassment to both sides of the aisle and both the house and the senate. >> how do you get out of it? >> first of all, whatever happens today is really inconsequential. >> ultimately, you're going to have to have people come together in a bipartisan way to get this done. you're not going to be able to get an agreement passed with just republicans. >> republicans simply can't utter the word "yes." they cannot utter the word "yes" without them uttering the word "yes" we can't get a deal. look, this is -- i feel like you're talking to a 5-year-old and, you know, saying, look. you have to eat your vegetables. >> we went over the cliff a long time ago. we just didn't know it. look at the leadership that we have leading us. i mean, it's like lemmings. come on. >> all right. that's what's being said right
. thank you very much, mr. president. mr. boehner, speaker boehner, oh, he finally gets the house back in session on sunday night. and then we have some democrats saying, why don't these republicans quit defending their millionaire pals. the way it's presented in the establishment media is highly pejorative against republicans and yet, republicans, as we heard from the rasmussen poll, they're not getting all of the blame. it's 44-36 that's where it is, again, that surprises me. >> those headlines are great. the next time i'm on deadline and i have a story to write. because i've left it to the last minute and i have to cancel a movie i think i'm going to, you know, complain about it and say, oh, finally, i'm getting back into the work session here. no, i mean, it's ridiculous. now, the republicans, i think, are doing one thing wrong though and that is focusing so much on the tax increases on higher earners, i do think that that's one area where obama can claim to have a bit of an upper hand because he made it very clear in his campaign for reelection, that he was going to tax the wealth
than the norm. >> president obama and today's edition of "meet the press." speaker boehner in particular said "the president has never called for the senate to act on those bills, he has allowed the democratic controlled senate to lead our economy to the edge of the fiscal cliff. congress people from both parties are searching for a bipartisan solution. that is the leadership that america needs, not what we saw from the president this morning ." those of the comments from speaker boehner. the house has gaveled out. we expect them back in about two hours. let's go to newbury port. caller: thank you for c-span. i do not understand where this $250,000 number comes from. i am 70 and have never been asked to make a sacrifice by any congress. it just seems to me that if the average income in most states -- to ask people making $125,000 or more, to ask them to contribute more, that seems to be a no- brainer. i do not see why people in this country are not ready to make a compromise. let's face it, we will either all have to pay slightly more taxes and accept the fact that our bene
of market sense, then you're losing. if senator reid says something and speaker boehner says something else, nothing fundamental has changed. white stock investors are buying and selling based on political speeches is beyond me. host: what index will you be watching? here is a headline from the wall street journal -- what index will you be watching? guest: think consumer confidence is the big indicator. there are a number of ways to measure it. if you go back to the august debt ceiling deal, i think people did not even realize in washington, but you look at the data, he saw a major drop in consumer confidence around the time and it became clear that politicians were arguing and squabbling and were not coming to terms. i think that is a severe problem in this recession because consumer demand is not strong enough to propagate a strong economic recovery. anything that dampened consumer demand is a problem. watching these politicians not getting together, even if they get a deal, the damage there is down. you see your leaders not being able to take simple steps. the deal they are talking about
a significant development in the house hastert night. of course, john boehner took to the floor a billion that did not have the support of a majority of republican members. that's the way that republican speakers have operated for some time. he got less than half, his republicans. and a pron of democratic votes to pass the bill. a significant thing. they went through a bit of kabuki before that because the speaker had a republican conference, and they went through the motions of see figure -- seeing if they could get a bill with more spending cuts and couldn't. that's why we ended up with this result. >> help go through a couple of headlines here. the big headline out of the white house saying that they're raising $620 billion over ten years. on the other hand, you have others, cbo and depending on the political elements, some people saying that this is actually going to cost us $3.9 trillion over the next ten years in part because of amt and how things are associated. then you have the payroll issue which you mentioned, which apparently on average is going to increase people's taxes by a
focused on the house, speaker boehner, plan. about, plan b falling apart. now speaker boehner is pointing towards the senate and the white house is pointing towards the senate as a place where we might get bipartisan cooperation. they think they have 10 republican votes for some kind of a plan that the president would propose that democrats in republicans in the senate could get together on and then ask speaker boehner to have a vote on it in the house. that could be a problem for speaker boehner because he could get a bill passed with that splits his republican caucus and puts in danger his re-election as speaker on january 3rd. kelly: that is a lot of talk going around in circles in washington right now. you're very optimistic something can be done but on the other hand there are several economist, juan, that predict indeed we'll go over the fiscal cliff and the inaction of congress has the potential of plunging the united states into another recession. that said, they can't afford to becoming a reality. >> so far they have been very fortunate that the markets have not reacted with pani
. will republicans be willing to fight to go down on this one? listen to what speaker boehner had to say in a statement last night after the deal was struck last night. he said, quoting, now the focus turns to spending. the american people reelected a republican majority in the house and we will use it in 2013 to hold the president accountable for the balanced approach that he promised. many significant spending cuts and reforms to the entitlement programs driving our country deeper and deeper into debt. now, also, listen to what the president said last night after the deal was struck. he seemed to indicate he is willing to entertain spending cuts. here's the president. >> we can come together as democrats and republicans to cut spending and raise revenue in a way that reduces our deficit, protects our middle class, provides ladders into the middle class for everybody who is willing to work hard. >> reporter: now the president went on to say this. while i will negotiate over many things i will not have another debate with this congress whether or not they should pay the bills we have alr
is outsourcing. this >> the president had put serious spending cuts on the table. answered speaker boehner, a week and a half ago, are this close and then what happens, all of a sudden, speaker boehner decide dodd this plan b. it fell apart and it's leaving us to this last minute. >> automatic cuts, defense cuts, domestic cuts, what's gonna happen to that with this -- are they gonna address that, this deal? >> i was called by leon panetta last night at 7 can 3 0 doubles,ing dinner. >> secretary of defense. >> yes. i was told, lindsey there wouldn't be anything in this deal to avoid sequestration going into effect. he says if we do this, it will be shooting the defense department in the head and we will have to send out 800,000 layoff notices the beginning of the year. he is worried to death we don't fix sequestration, we are going to destroy the finest military in the world at the time we need it the most. >> and there you have it, the voice on sunday. there is no deal yet on the fiscal cliff. so what does it all mean for you and your money? well, we will have you back and we will talk abo
not see the republican -- john boehner is working with the president to do anything. they do not do anything. they have -- they do not work with the president. i am wondering, why does he not work for the american people that they elected to do the american people business, not their business. host: thank you for calling. a live picture of the u.s. capitol. 7:23 in washington. some heavy rain and perhaps some snow. a. when terry mix are expecting in town. we mention that because the president is heading back into town. the senate and white house -- the senate and house are due back tomorrow. this is an politico. there is another piece of this morning that says the house member elect is also interested in the peak in the seat -- adapter the seat. springfield, va., lewis, an independent. caller: good morning. you could consider me a little bit pessimistic. i am actually looking at it as realistically as possible. i have a degree in macroeconomics. i believe that they all should be -- we should institute term limits on all of them. maybe a six-year term limit. they're all thinking of r
the housement they want to avoid fitting the call. house speaker john boehner held a meeting with fellow gop leaders and said he would give them 48 hours before calling them back from their holiday vacation meaning saturday is the earliest time a fiscal vote could take place on this deal. treasury secretary tim geithner said the united states will hit the debt ceiling on monday unless he takes extraordinary measures. they believe it could force congress to come up with a deal before monday's deadline but some republicans are not as optimistic. live in washington, ktvu channel 2 morning news. >>> they set $2 billion for unit who made her first court appearance. she was drunk when she hit a group of people. the woman was knocked up to a hill and she was studying criminal justice before that police crash. >> she is somebody who was never in trouble before and a quarter short of graduating from college. it is horrible of what their family is going through. >> eunice is expected to enter a plea on monday. >> more than 100 volunteers will be recording every bird they spot. it is part of the christ
think we can say we have done some good for the country >> reporter: house speaker john boehner did not endorse the agreement but has promised a vote on it or a gop amendment right away. he will get back to it in less than four hours and will continue pawing through the more than 750 paint measure. carla campbell, ktvu channel 2 morning news. >>> voting is being extended for this year's oscar nominations because of problems with the new voting system. it gives voters an extra day to cast their balance. some members have problems and nominations are still scheduled to be announced on january 10th. >>> it is kind of a rough start to the new year and that's where a road is closed. it is cutting off access to a popular beach. a large gap opened up there on the road. park officials say it closed limiting access to the beach, sky and horse trail heads but all the park facilities and the trail. and also, a shuttle takes people out to see whales and elephant seals. now is a great time to get out there. they are saying the first elephant seal pups have been born and showing off gray whales
boehner, the two of them couldn't find a way to get to a deal because they didn't want to look like they were ever caving. and when you get to a point where it looks like you're caving on something, then there is negative political effects. now, that's why they've brought in vice president biden, mitch mcconnell, to try to close this thing. and they may close a deal, but there's no guarantee that even any deal they come to an agreement with tonight will actually make it tomorrow. >> and chuck, this congress has, your honor telling us, the lowest approval rating ever, the least productive. what happens when the next congress comes in later this week? >> reporter: well, the bad news is, if you view this as bad news, more of the same. because even if they get this temporary deal on taxes, temporarily buy down the automatic spending cuts, what they have set up is a series of mini fiscal cliffs, if you will, kate. so every three to six weeks, over the next six months, we could be going through nights like this where we're up against the clock and congress has to act and the president --
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